Ken Oenbrink - NTX Property Watch Report

Plano, TX

Single-Family Homes

Call or Text 972-816-1660 ken.oenbrink@gmail.com



Plano, TX

Sat Sep 21 2019
This week the median list price for Plano, TX is $424,987 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 806. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Plano, TX

Sat Sep 21 2019
This week the median list price for Plano, TX is $424,987 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 806. Click here to stay informed with the Plano market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Plano market.
Median List Price $424,987
Per Square Foot $148
Days on Market 92
Price Decreased 57%
Price Increased 3%
Relisted 10%
Inventory 806
Median House Rent $2,100
Most Expensive $5,699,000
Least Expensive $169,900
Market Action Index
Slight Seller's Advantage
38

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$749,900 4,432 0.25 - 0.5 acre 4 4 21 12 15 150
$475,000 3,419 8,000 - 10,000 sqft 4 3 21 17 19 93
$375,000 2,672 8,000 - 10,000 sqft 4 2 26 25 34 73
$299,000 2,023 8,000 - 10,000 sqft 3 2 40 39 36 51